Naira’s Free Fall Continues At Parallel Market

January 26, 2024 by Don Saint 0 Comments

The naira yesterday depreciated to N1,405 per dollar in the parallel market from N1,375 per dollar on Wednesday.
Similarly, the naira depreciated to N900.96 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N900.96 per dollar from N882.24 per dollar on Wednesday, indicating N18.76 depreciation for the naira.

Consequently, the gap between the official and parallel market exchange rates widened to N504.04 per dollar yesterday from N492.76 per dollar on Wednesday.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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